Algerian President Abdelmadjid Tebboune held a press conference on October 3, 2026, where he discussed the country's economic situation and future plans. He mentioned that he is committed to raising wages starting from 2027. The president emphasized that this decision is part of his efforts to improve the living standards of Algerians. He also highlighted that the country's economy is expected to grow.
During the press conference, President Tebboune discussed the issue of inflation and its impact on the population. He stated that Algeria will not return to the stage of inflated bills. The president also mentioned that he has given instructions to the government to reduce prices starting from the next day. He emphasized that any issue affecting the people will be considered as affecting him personally.
President Tebboune also talked about the role of farmers in the country's economy. He stated that most farmers are not responsible for the rise in prices. The president encouraged those who have the means to take care of themselves. His comments come as the government seeks to address the economic challenges facing the country.
The press conference also covered the topic of Algeria's relations with other countries. President Tebboune discussed the country's decision to cut ties with the United Arab Emirates. He stated that the decision was made after careful consideration and that Algeria will not backtrack on its decisions. The president emphasized that the country's interests will be protected.
President Tebboune provided an update on the country's economic growth prospects. He stated that the Algerian economy is expected to grow by more than 3.8% and possibly reach 4.1%. The president expressed optimism about the country's economic future. He also mentioned that the country's GDP is expected to exceed $400 billion in the first quarter of 2027.
The president also discussed Algeria's relations with neighboring countries. He stated that Algeria will protect Niger regardless of the circumstances. President Tebboune emphasized that the country's people are open to everyone, regardless of their background. He welcomed Algerians who have lived abroad and encouraged them to contribute to the country's development.
President Tebboune concluded the press conference by highlighting the country's progress. He stated that Algeria has reached a certain level of development and that its people will benefit from it. The president expressed his commitment to continuing on this path and to working towards the betterment of the country.
Key points
- Algerian President Abdelmadjid Tebboune announces plans to raise wages starting 2027.
- The president forecasts economic growth of more than 3.8% and possibly 4.1%.
- Algeria's GDP is expected to exceed $400 billion in the first quarter of 2027.
